1 This type of fund's investment objective is to match the performance of a relevant index as closely as practicable by investing directly in an approved ITCIS with a similar investment objective or investing indirectly in an approved ITCIS with a similar investment objective through an approved pooled investment fund.

2 This type of fund achieves its investment objective through investment in an approved pooled investment fund, which in turn invests in two or more underlying approved ITCIS(s) and/or pooled investment fund(s) as allowed under the General Regulation*. It is expected that preference will be given to ITCIS(s) when making investments.

The above information is provided solely for reference. Investments involve risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features and risks involved, please refer to the relevant Principal Brochure.

If you're in doubt about the meaning and effect of the content of this article, you should seek independent professional advice.

Issued by the sponsor of HSBC MPF schemes, The Hongkong and Shanghai Banking Corporation Limited.